Groupe ADP takes control of AIG

Groupe ADP signed a contract to take exclusive control on AIG, concessionaire of Amman Airport, Jordan.

Groupe ADP signed on 22 December a contract to take exclusive control on Airport International Group (“AIG”), concessionaire of Queen Alia International Airport in Amman, Jordan. The co-shareholders will be Meridiam, ASMA Capital Partners B.S.C. (c), acting in its capacity as investment manager for IDB Infrastructure Fund II and Edgo.

With this take over, Groupe ADP, which has been a 9.5%-shareholder of AIG, through ADP International, since 2007, will be able to fully consolidate the financial statements of the concessionaire company.

This transaction results in an investment of USD267million for Groupe ADP.

The completion of the transaction is subject suspensive conditions including the Government of Jordan and AIG’s Lenders consents.

Queen Alia airport welcomed 7.4 million passengers in 2016 and was named the best airport of its size (5-15 million passengers) in the Middle East by the Airport Council International (ACI) based on the results of the 2016 Airport Service Quality (ASQ) Survey, the world’s leading airport passenger satisfaction benchmark program.